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Can the properties (residential/commercial) be given on rent if not required for immediate use?

April 26, 2017Commercial given immediate properties rent Residential

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Can the properties (residential/commercial) be given on rent if not required for immediate use?

9 Answers

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Yes.The Reserve Bank has granted general permission for letting out any immovable property in India.

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• Yes. Reserve Bank has granted general permission for letting out of any immovable property in India. The rental income or proceeds of any investment of such income has to be credited to NRO account. • Can NRIs obtain loans for acquisition of a house/flat for residential purpose from financial institutions providing housing finance? • Reserve Bank has granted general permission to certain financial institutions providing housing finance e.g. HDFC,LIC Housing Finance Ltd.,etc. to grant housing loans to non-resident Indian nationals for acquisition of houses/flats for self-occupation subject to certain conditions. • Can authorised dealer grant loans to NRIs for acquisition of a flat/house for residential purposes? • Authorised dealers have been granted permission to grant loans up to non-resident Indian nationals for acquisition of house/flat for self-occupation on their return to India subject to certain conditions. Repayment of the loan should be made within a period not exceeding 15

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Yes. Reserve Bank of India has granted general permission for letting out any immovable property in India. The rental income or proceeds of any investment of such income has to be credited to NRO account.

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Posted

Yes. Reserve Bank has granted general permission for letting out of any immovable property in India. The rental income or proceeds of any investment of such income has to be credited to NRO account.

0

Posted

• Yes. Reserve Bank has granted general permission for letting out any immovable property in India. The rental income or proceeds of any investment of such income has to be credited to NRO account.